According to ChainCatcher, L2 network Kinto said on social platforms that it has reached a cooperation with crypto insurance company Breach Insurance to provide anti-theft and anti-hacking services for user wallets.

Breach Insurance will provide and manage the insurance coverage of Kinto wallets, and all Kinto wallets with assets over $100 will be automatically covered. For smart contract hacking and network attacks, users can get a default insurance of $2,500 at no extra cost. Users can also use additional K tokens to increase the level of protection.